MDU Resources Group profits down in 3Q

AP News
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Posted: Oct 28, 2010 10:37 AM
MDU Resources Group profits down in 3Q

MDU Resources Group Inc. says its third-quarter profit fell about 34 percent from the previous year because of declines in its construction business.

In the three months that ended Sept. 30, the Bismarck-based energy, mining and construction company earned $60.8 million, or 32 cents per common share, compared with $92.4 million, or 50 cents per share, during the same period a year earlier.

The company says revenue for the third quarter was $1.1 billion, or about $18 million more than in the same period in 2009.